Home / Knowledge / News / Textiles / Several Bangladeshi handicraft units face closure
Several Bangladeshi handicraft units face closure
19
May '11
The export earnings from Bangladeshi handicrafts are significantly declining, according to the data from the country's Export Promotion Bureau (EPB).

If the trend continues, it is feared that several handicraft manufacturing units might close their shutters, making a good number of female workers unemployed in the process.

The fact that most of these female workers belong to the underprivileged sections of the society makes the situation even more worrisome.

According to the EPB data, the income earned from exporting handicrafts during the first ten months of 2010-11 was US$ 3.48 million, which is only one-third of the 2006-07 earnings of US$ 8.16 million.

The declining export trend can be gauged by the fact that earnings from Bangladeshi handicrafts had declined to US$ 5.49 million in 2007-08, and further declined to US$ 3.79 million in 2009-10.

One reason for the decreasing export trend, according to industry analysts, is that the handicraft sector does not enjoy any major benefits from the Government, except for the 20 percent cash incentive.

Bangladeshi handicrafts have customers in France, Germany, Italy, Japan, Spain, the Middle East, the US and the UK. Hence, to explore the potentials of this sector, among other things, the handicrafts sector looks forward to the Government for setting up a modern craft village.

Further, it also expects the Government to help the local producers by providing necessary infrastructure including common service centre, bulk warehouse, and design centre.

Extending low-interest loan and other facilities to handicraft manufacturers would also go a long way in helping them set up their own factories, they say.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search